Coffee Day auditors have resigned, citing "commercial considerations" in their submission to the company.
Nifty 50 closed at 11143.65 (-18.6, -0.2%) , BSE Sensex closed at 37871.52 (-58.8, -0.2%) while the broader Nifty 500 closed at 9054.30 (-16.3, -0.2%)
Market breadth is in the red. Of the 1663 stocks traded today, 646 were gainers and 965 were losers.
Bajaj Auto's June quarter sees a drop - the company's standalone net profit in Q1FY21 was 528 crore, down 53% from 1,126 crore in the same quarter last year. Revenue fell 60% YoY.
Axis Bank is gaining today as analysts cheered the company's careful accounting in its Q1 numbers in the midst of the pandemic, which include increased provisions, and NII (net income interest) reserves for cases of interest reversal.
Dolat Capital is a BUY on Majesco, citing significant premium upcoming on deal valuations for the company.
Granules India has touched its ten year high today, gaining on high volumes.
Hindustan Zinc's revenue fell 20% YoY in Q1FY21 due to Covid19, with management noting 18 days of production lost in April due to pandemic related lockdowns. Share price of the company is however up by over 10%.
Muthoot Finance, L&T; Infotech also hit fresh year highs today.
Reliance Industries hits fresh highs today, rising over 1% in the morning session.
Markets are lower in early trading. Nifty 50 was trading at 11154.70 (-7.6, -0.1%) , BSE Sensex was trading at 37797.88 (-132.5, -0.4%) while the broader Nifty 500 was trading at 9064.30 (-6.3, -0.1%). Market breadth is in the red. Of the 1470 stocks traded today, 599 showed gains, and 771 showed losses.
Riding High:
Largecap and midcap gainers today include Hindustan Zinc Ltd. (197.15, 7.85%), Aditya Birla Fashion and Retail Ltd. (120.50, 7.21%) and Muthoot Finance Ltd. (1315.90, 6.88%).
Downers:
Largecap and midcap losers today include Mahindra & Mahindra Financial Services Ltd. (152.70, -33.00%), AIA Engineering Ltd. (1673.25, -4.27%) and Piramal Enterprises Ltd. (1492.45, -4.23%).
Crowd Puller Stocks
29 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Balmer Lawrie & Company Ltd. (121.80, 14.80%), Dhanuka Agritech Ltd. (894.00, 8.91%) and VIP Industries Ltd. (308.50, 8.42%).
Top high volume losers on BSE were TV18 Broadcast Ltd. (35.90, -8.07%), Mangalore Refinery And Petrochemicals Ltd. (36.75, -2.91%) and La Opala RG Ltd. (193.50, -1.45%).
Orient Refractories Ltd. (177.00, 3.54%) was trading at 16.5 times of weekly average. Hindustan Zinc Ltd. (197.15, 7.85%) and Vardhman Textiles Ltd. (647.95, 2.24%) were trading with volumes 13.9 and 11.2 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
17 stocks overperformed with 52 week highs,
Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (999.00, 0.37%), Deepak Fertilisers & Petrochemicals Corporation Ltd. (134.50, 2.09%) and Escorts Ltd. (1210.00, 3.26%).
23 stocks climbed above their 200 day SMA including Balmer Lawrie & Company Ltd. (121.80, 14.80%) and Hindustan Zinc Ltd. (197.15, 7.85%). 13 stocks slipped below their 200 SMA including Petronet LNG Ltd. (255.00, -2.73%) and Capri Global Capital Ltd. (164.60, -2.57%).
